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What is the cost of a preferred stock with a $100 par value that pays a $9.60 dividend per year? The security has a flotation
What is the cost of a preferred stock with a $100 par value that pays a $9.60 dividend per year? The security has a flotation cost of $3.37 and will be retired at its par value in 20 years 9.6% 5.9% 9.9% 10.6%
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